Banks that rank after lead managers in marketing a new issue, usually a Eurobond. They are typically chosen for their ability to place a substantial portion of the issue with their customers.
An advertisement in the financial press providing brief details of the amount and maturity of a recently completed bank facility. The names of the lead managers, co-managers, and managers are prominently displayed. It is customary for the borrower to pay for this advertisement, although they receive little direct benefit.
